AWARDS: BEST LOAN, BEST SPONSOR, BEST INFRASTRUCTURE FINANCING: MEXICO

AWARDS: BEST LOAN, BEST SPONSOR, BEST INFRASTRUCTURE FINANCING: MEXICO

Corporate & Sovereign Strategy Mexico

ALTÁN REDES Many things have changed since Altán Redes first outlined its bid for the Red Compartida wireless telecommunications PPP in Mexico. But the financing plan remained a constant from the start. “I recently read a memo from 2016 with basically the same financial structure and basically the same numbers,” says Eugenio Galdón, chairman and CEO of Altán. The sponsor borrowed some $1.6 billion from local development banks and technology service providers for the Red Compartida. Mexican development banks Banobras, Nafin and Bancomext covered 30% of project costs with 13 billion pesos ($733 million) in a 14-year loan, while China’s Huawei and Finland’s Nokia contributed $850 million ove

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial